Blue Owl Capital Co. III (NYSE:OBDE) Shares Acquired by Requisite Capital Management LLC

Requisite Capital Management LLC grew its position in Blue Owl Capital Co. III (NYSE:OBDE) by 100.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,995 shares of the company’s stock after acquiring an additional 107,996 shares during the quarter. Blue Owl Capital Co. III comprises approximately 0.7% of Requisite Capital Management LLC’s portfolio, making the stock its 13th biggest position. Requisite Capital Management LLC’s holdings in Blue Owl Capital Co. III were worth $3,171,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of OBDE. Sunbelt Securities Inc. purchased a new position in Blue Owl Capital Co. III in the 2nd quarter valued at $132,000. Gilbert & Cook Inc. acquired a new stake in Blue Owl Capital Co. III in the first quarter valued at $229,000. Ariadne Wealth Management LP acquired a new stake in Blue Owl Capital Co. III in the second quarter valued at $689,000. Renaissance Technologies LLC acquired a new stake in Blue Owl Capital Co. III in the second quarter valued at $856,000. Finally, Gries Financial LLC raised its stake in shares of Blue Owl Capital Co. III by 85.0% during the 2nd quarter. Gries Financial LLC now owns 57,445 shares of the company’s stock worth $860,000 after buying an additional 26,392 shares during the last quarter.

Blue Owl Capital Co. III Price Performance

Shares of NYSE:OBDE traded down $0.05 during midday trading on Friday, hitting $14.60. 308,323 shares of the stock were exchanged, compared to its average volume of 100,696. The stock has a market cap of $1.80 billion and a P/E ratio of 7.23. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.27. Blue Owl Capital Co. III has a twelve month low of $13.60 and a twelve month high of $16.80. The company has a 50 day moving average price of $14.41 and a 200-day moving average price of $14.98.

Blue Owl Capital Co. III (NYSE:OBDE) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $123.18 million during the quarter, compared to the consensus estimate of $119.08 million. Blue Owl Capital Co. III had a return on equity of 12.53% and a net margin of 54.40%. On average, research analysts forecast that Blue Owl Capital Co. III will post 1.61 earnings per share for the current year.

Blue Owl Capital Co. III Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 9.59%. The ex-dividend date is Monday, September 30th. Blue Owl Capital Co. III’s dividend payout ratio (DPR) is presently 69.31%.

Insider Transactions at Blue Owl Capital Co. III

In related news, Director Victor Woolridge acquired 6,830 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $14.64 per share, for a total transaction of $99,991.20. Following the transaction, the director now owns 6,830 shares in the company, valued at $99,991.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Melissa Weiler bought 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average price of $14.34 per share, for a total transaction of $172,080.00. Following the acquisition, the director now owns 12,000 shares of the company’s stock, valued at $172,080. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Victor Woolridge bought 6,830 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average price of $14.64 per share, with a total value of $99,991.20. Following the acquisition, the director now directly owns 6,830 shares in the company, valued at approximately $99,991.20. The disclosure for this purchase can be found here. Corporate insiders own 90.80% of the company’s stock.

About Blue Owl Capital Co. III

Blue Owl Capital Corporation is a specialty finance company focused on lending to U.S. middle-market companies. Blue Owl Capital Corporation is based in NEW YORK.